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Au contraire - I think what's more fascinating about this is Musk's personal branding, which apologists like you have bought into. Just hear me out. I mean, i
by bduerst 8y ago
Au contraire - I think what's more fascinating about this is Musk's personal branding, which apologists like you have bought into. Just hear me out.
I mean, insiders and the SEC clearly know he didn't have an offer to go private on the table when he announced. With Musk's pattern of behavior on twitter recently (pedophile name-calling, weed gifs, etc.) it's much more likely that he was reacting to the short sellers that got under his skin, rather than making a calm, confident announcement of acquisition as you say. When Musk's team finally scrambled together an offer after the announcement, Musk rejected it outright because he was paranoid about Volkswagen [1], a manufacturer that would have helped solve Tesla's scaling problems.
There's always going to be short sellers. There are not always going to be CEOs who let them get under their skin or let hubris in the way of business.
[1] http://archive.is/cuuor http://archive.is/cuuor